Articles & Publications

December 18, 2015 Congress has approved the long-awaited tax extenders bill and is now awaiting President Obama to sign the Protecting Americans from Tax Hikes Act of 2015 (“the Act”) into law. Most provisions of the Act are retroactive. Read More >>

  The IRS recently issued Notice 2015-82 which increased the de minimis safe harbor amount for taxpayers without an applicable financial statement (AFS) from $500 to $2,500.Generally, an applicable financial statement would be one that is either required to. Read More >>

As we near the end of 2015, there are various strategic tax planning moves you may want to consider to minimize your 2015 and future tax liabilities. This letter is intended to provide some ideas for planning to consider. Read More >>

  There have been recent rumblings that the IRS might soon publish regulations limiting use of certain valuation discounts for estate and gift transfers of closely held business interests to family members.  While the technical details related to such. Read More >>

August 18, 2015 In Cunningham v. Testa, The Ohio Supreme Court held that the state is permitted to challenge whether a taxpayer is domiciled in Ohio if other evidence available to the state provides a “substantial basis” that the. Read More >>

Thousands of companies benefit from an IC-DISC every year, but many exporters still do not take advantage of this beneficial tax incentive. An IC-DISC is available for companies that export goods manufactured in the United States, provide engineering or. Read More >>

In an effort to provide relief to Ohio families during back-to-school shopping, qualifying purchases of clothing, school supplies, and school instructional materials will be exempt from sales tax starting Friday, August 7, 2015, through Sunday, August 9, 2015. During. Read More >>

  On March 4, 2015, The Supreme Court of the United States (the “SCOTUS”) released its decision in Alabama Department of Revenue v. CSX Transportation, which dealt with the issue of whether Alabama’s sales tax violated the Railroad Revitalization. Read More >>

  Ohio Governor John Kasich recently signed House Bill 5 (“H.B. 5”) into law, which will be effective January 1, 2016. H.B. 5 contains broad and sweeping changes to Ohio’s municipal income tax, and is a step toward establishing. Read More >>

  Administrative Relief The IRS released Revenue Procedure 2015-20 (“Procedure”) on February 13, 2015, which provides administrative relief to small business taxpayers.  This Procedure allows small business taxpayers adopting the tangible property regulations to make accounting method changes on. Read More >>